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Corporate bond question. Appreciate any help I can get. Compute the Mod Duration of the EastmanChem 2044 bond by blipping. [23 years to maturity] That

Corporate bond question. Appreciate any help I can get.

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Compute the Mod Duration of the EastmanChem 2044 bond by blipping. [23 years to maturity] That is, compute three prices: at the current ytm, and by changing the ytm by 0.05% up and down. Then follow the ModD definition. Rescale correctly.

Mod D = - % / y = - (P+5 P-5)/P / (y+5-y-5)

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